Boston Common Asset Management LLC Decreases Stake in Weyerhaeuser Company $WY

Boston Common Asset Management LLC reduced its stake in Weyerhaeuser Company (NYSE:WY) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,095 shares of the real estate investment trust’s stock after selling 8,424 shares during the period. Boston Common Asset Management LLC’s holdings in Weyerhaeuser were worth $5,603,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. S.A. Mason LLC increased its stake in shares of Weyerhaeuser by 5.6% during the first quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 408 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Weyerhaeuser by 1.5% during the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock valued at $756,000 after buying an additional 445 shares during the period. Unison Advisors LLC increased its stake in shares of Weyerhaeuser by 0.7% during the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust’s stock valued at $2,029,000 after buying an additional 455 shares during the period. SPC Financial Inc. increased its stake in shares of Weyerhaeuser by 3.5% during the first quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 500 shares during the period. Finally, Horizon Investments LLC increased its stake in shares of Weyerhaeuser by 5.2% during the first quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 516 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 0.8%

Weyerhaeuser stock opened at $25.12 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a one year low of $23.98 and a one year high of $33.56. The stock has a market capitalization of $18.12 billion, a PE ratio of 66.11, a price-to-earnings-growth ratio of 125.31 and a beta of 1.05. The business’s fifty day moving average is $25.40 and its 200 day moving average is $26.04.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm posted $0.21 earnings per share. Weyerhaeuser’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Saturday, September 27th. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a research note on Monday, September 29th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, Truist Financial reduced their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.88.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.